China’s benchmark Shanghai Composite Index (000001.SH) gained 2.62% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 3.24%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.41% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 3.2%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· China Cracks Down on Rampant Celebrity Endorsements
Regulators bar stars from pitching cigarettes, tutoring services, health-care products and health foods following a series of scandals and abuses
· Digital Yuan Puts Priority on Privacy Protection, PBOC Chief Says
Central Bank Governor Yi Gang outlines e-CNY measures to protect personal data while combatting illicit activities
· Opinion: ‘Walking Back Home’ Should Not Happen Again
Viral flight by workers from Foxconn factory in Henan raises questions about what happened and about coordination of pandemic prevention
· Foxconn Taps Alternative Sites as Covid Drives Staff to Flee World’s Biggest IPhone Plant
The Zhengzhou plant is home to the world’s largest iPhone assembly production lines with over 200,000 workers
· Chinese Nationals Among Scores Dead in Seoul Crush
More than 150 people died in a crowd crush on Saturday as thousands piled into a popular nightlife district in the South Korean capital to celebrate festivities
· Chinese Developer Makes Early Debt Payment After Chair’s Resignation Rattles Investors
Longfor has paid back part of a loan due next year, after the personnel change hit its stock price, bond yields
· Chen Yixin Appointed Minister of State Security
The 63-year-old’s appointment follows his election into the Communist Party of China’s Central Committee during the 20th National Congress in mid-October
· Cover Story: The Evolution of Crime in China
Amid rising prosperity and technological advances, violent crimes like murder and kidnapping decline and misdemeanors like drunk driving increase
· China to Maintain Prudent Monetary Policy to Keep Yuan Stable, PBOC Governor Says
Yi Gang also said Beijing will further increase credit support for the real economy, while strengthening and improving financial supervision
· Archive Interview: How Li Qiang Cheers Private Enterprise in Zhejiang
In 2013, Caixin interviewed the then 54-year-old governor of Zhejiang province Li Qiang, who became the second-ranked member of the Politburo Standing Committee of the Communist Party’s Central Committee following the 20th National Congress last week
Click here to read more of the latest news.
This article was generated by Caixin Automation.
Follow the Chinese markets in real time with Caixin Global’s new stock database.
